Reference no: EM132598753

Question - The below information is for Tesla Corporation:

Common Stock, $15 par $450,000

Paid-In Capital in Excess of Par-Common Stock $120,000

Paid-In Capital in Excess of Par-Preferred Stock $90,000

Paid-In Capital from Sale of Treasury Stock-Common $6,000

Preferred 5% Stock, $100 par $1,000,000

Retained Earnings $3,500,000

Treasury Stock-Common $50,000

Seventy five thousand shares of preferred and 300,000 shares of common stock are authorized.

There are 2,500 shares of common stock held as treasury stock.

Required - Prepare the Stockholder's Equity section of the Tesla Corporation. Calculate shares issued and outstanding where applicable.